The global market for sodium-ion batteries will grow from $420 million in 2017 to $1.2 billion by 2022 with a compound annual growth rate (CAGR) of 23.9% for the period of 2017-2022.

Report Includes

-50 data tables and 66 additional tables-An overview of the global market for sodium ion batteries, materials, and technologies-Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022-Analyses of the market by application, technology, and region-Insight into market trends and information about emerging electrochemical energy storage technologies-A look at drivers and limiters of the sodium-based batteries market-Discussion of the current state of the art of sodium-based batteries and the technological hurdles in overtaking lithium-based batteries-In-depth patent analysis for sodium-based batteries -Profiles of major players in the industry

Chapter 1: Introduction

Study Goals and ObjectivesThe key objective of the report is to analyze the key trends in the sodium-ion battery market. Sodium-ion batteries make up a highly niche market with most of the products under development and trial phases.

This report quantifies the worldwide growth potential of sodium-ion batteries over the five-year period from 2017 through 2022. The total market size of sodium-ion batteries with regional breakdowns has been covered in the report. This study focuses on identifying competition from lithium-ion batteries, key end users, and industries that will affect the major market trends.

The key factors driving the market’s growth are the growing market for consumer electronics and smartphones. There is constant demand from the consumers for more durable and long-lasting batteries. Sodium-ion batteries have shown more potential than lithium-ion batteries due to easy availability of raw materials and cost efficiency. Hence, this report identifies the factors that give sodium-ion batteries an edge over lithium-ion batteries.

Reasons for Doing This StudyThis BCC Research study is presented to increase the awareness of sodium-ion batteries for various applications.

This report provides market trends and information about emerging electrochemical energy storage technologies, drivers and limiters of the sodium-based batteries market, current and future market prospects of sodium-based batteries, availability and market forecast for component materials of sodium-based batteries before forecasting the market by application, technology and region through 2022. It also provides the current state of sodium-based batteries, the technological hurdles in overtaking lithium-based batteries, information about government support and subsidies as well as in-depth patent analysis for sodium-based batteries. The report explains the key trends in the industry. It discusses the industries that are using the products and studies the motivating and restraining factors of the market. The report will be a key decision-making tool for the intended audience.

Scope of ReportSodium-ion batteries have sodium-ion charge carriers. Sodium-ion batteries have recently gained commercialization status, and the market is expected to grow with an impressive compound annual growth rate (CAGR) of 23.9% for the forecast period of 2017 to 2022. The report details various segments of the sodium-ion battery market. The market is segmented on the basis of technologies. The market by technology includes sodium-sulfur batteries, sodium-salt batteries, sodium-ion batteries and sodium-oxygen batteries.

The report also analyzes the market for raw materials, which includes electrolyte materials, separators, barrier materials, encapsulating materials, packaging and other. The report also analyzes patents and new technologies.

The market is further segmented by geographic region. The major geographic regions covered in the report are North America, Europe, Asia-Pacific and the Rest of the World (RoW). A country-specific breakdown of the market for sodium-ion batteries market is also included in the report. The study covers the global market for the sodium-ion market, and is not limited to the countries included in this report. The selection of the countries to be included in this report was mainly based on the total revenue generated from the sale of sodium-ion market. Major countries included in the report are the U.S., Canada, Germany, the U.K., Spain, Italy, France, China, Japan and India.

The competitive landscape of the global market for sodium-ion batteries market is discussed and includes profiles of the major companies and their product portfolios. All categories are discussed in detail, describing each segment, identifying current products on the market, measuring market size, identifying market drivers, forecasting for 2017 to 2022, and assessing the competitors and competitor market shares.

Information SourcesThe information and analysis presented in the report are based on extensive first-hand interviews with primary research sources, including executives, product managers, and specialists in the market for sodium-ion batteries. Secondary information was obtained from government agencies, business and trade magazines, official websites of key manufacturers and key end users.

Key information was derived from various sources, which include government organizations from various geographies including the U.S., China, India, European Union and Canada. Data sources include the Energy Information Administration (EIA), U.S. Department of Energy, SmartGrid.gov, the U.S. Trade and Development Agency, Science.gov, India Energy, the Ministry of New and Renewable Energy (India), the U.K. government, Environmental Protection Agency, and RenewablesSA. International organizations were used as sources to gain raw data such as energy demand, renewable energy production, chemical property, storage capacity, R&D and funding for the final estimations. International organizations include Energy Storage Canada, Union of Concerned Scientists, Energy Storage Association, the China Energy Storage Alliance (CNESA), the India Energy Storage Alliance (IESA), British Institute of Energy Economics, the European Association for Storage of Energy (EASE), Association of European Automotive and Industrial Battery Manufacturers (EUROBAT), American Chemical society (ACS) and many more.

Secondary data were also collected from official websites of manufacturers and distributors in the sodium-ion batteries market. Data were also collected from key end users in the markets, which include portable electronic devices (mobile phones, laptop and tablets, camera, portable medical devices, portable electronic devices, toys, drone and remote access devices), automobile applications (electric vehicle and fossil fuel based vehicles), residential power back-up, commercial power back-up, grid level applications, industrial, military and space applications.

The information collected was utilized to derive the forecasted numbers. The data was further validated by industry participants via phone, email and online interviews.

MethodologyAnnual revenues of major sodium-ion battery companies, their annual reports and forward-looking statements as well as industry end users were analyzed to derive the size of the market. Key information from published literature was used to conduct interviews with a number of industry participants to validate and obtain expert opinions on current and future trends in the sodium-ion batteries market. Interviews were the primary basis for information regarding the development of market size, and were obtained by email and telephone. Interviews were also used to confirm and/or adjust market size and market share estimates, as well as in formulating market projections.

All market data pertain to the global market at the manufacturer’s level. Total revenues and forecast revenue values are in constant U.S. dollars, unadjusted for inflation. Recent activities were tracked for the major companies involved in the sodium-ion batteries market in order to understand the market trends. The forecast market size was based on these trends. Historical data are provided for 2016 and forecast data are provided for 2022. Historical, base year and forecast data are provided for each market segment and sub-segment. Market shares are provided for each market segment for the 2017 base year.

Geographic BreakdownIn this report, the geographic regions considered for market analysis include, and only include:

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